Ardagh Metal Packaging S.A. reported Q1 2026 revenue of $1,504 million, up 19%, Adjusted EBITDA of $179 million, up 15%, ahead of guidance, with full-year guidance reaffirmed.
Key takeaways
Adjusted EBITDA $179M, +15% YoY, exceeded $160-170M guidance due to Europe outperformance.
Revenue $1,504M, +19% YoY (+13% constant currency), driven by input cost pass-through and volume/mix.
Global beverage can shipments -1% YoY; Americas -2%, Europe -1%.
Americas Adjusted EBITDA $104M, -2% YoY due to aluminum supply disruptions; Europe $75M, +53% YoY.
Full year 2026 Adjusted EBITDA guidance $750-775M unchanged; Q2 expected $210-220M.
Jury verdict awards ~$175M damages from Boston Beer lawsuit, subject to post-trial motions.
Quarterly dividend 10c per share announced, no change to capital allocation.